Introduction
It is not an easy task to learn to be an investor. I like to make changes, I like to spend time to learn one video a time.
A video to watch
7:00/ 13:46 overcome the fear. The challenge for you is to buy when other people are afraid. This is a giant secret Warren Buffet to tell people over 50 years.
7:20/ 13:46 The critical thing is to be able to understand the business, you see it as a business. Great management, big mode, you know the margin safety price.
7:47/13:46 Are you worrying about the market continued to go down? We can buy the business on sale, do it then. You do not do it a little bit. You have to load up a damn truck. You hold out a bucket. Do not hold a thumb.
8:33/13:46 You load up the truck.
1. Find a business that you like.
2. Find the value of the business.
3. Watch it until it's at the margin of Safety price.
4. When the price is where you want it, buy it.
5. Start acting like the owner of the business. (8:40/ 13:46)
Not own 50 stocks. Own 5 or 10 stocks only.
6. Start stockpiling it
Control emotion, buy more.
10:02/ 13:46
Every time I buy the stock, the stock prices goes down. I will load the truck every time the stock price goes down.
Big five numbers:
Earnings growth
Sales growth
Book value growth
Cash flow growth
Return on investment capital
11:45
7. You're going to inevitably sell.
You are going to sell. Sell it on greedy.
8. Repeat
Actionable Items
I like to answer the questions.
1. Find a business you like
What business I like? Software? Enterprise software? Microsoft? Facebook? Amazon?
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